Downtown Chicago Commercial
For Sale
$189,000
111 N Wabash Avenue, Chicago, IL 60602
2,800 SF commercial condo in iconic Garland Building.
Property Size259,000 SF
Price / SF$0.73
Days on Market161
Property Features for 111 N Wabash Avenue
General Information
Standard status
Active
Size
259,000 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$12,822
Building Details
Building Size
259,000 SF
Year Built
1917
Listing Agency:
Alec Realty Group, LLC
Listed By:
Christian Searles
Source:
Dawnmckennagroup
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 1 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alec Realty Group, LLC
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Chicago, this 2,800 SF commercial condominium is situated on the 16th floor of the iconic Garland Building at 111 N. Wabash Avenue. Constructed in 1917, this architecturally significant property combines historic character with modern functionality, creating a professional environment suitable for medical, office, or research purposes. Previously occupied by an optometrist, the space is well-suited for continued medical or healthcare-related use. The flexible floor plan accommodates various configurations, making it suitable for a medical suite, legal office, creative workspace, or financial services operation. The suite features central HVAC, a wet sprinkler system, and separate electrical meters, with access to central building services. Offered as a commercial condo, this property provides long-term occupancy control in one of Chicago's recognized business corridors. The B-2 zoning supports a wide range of office and commercial uses, making it well-suited for owner-users or professional practices seeking a permanent Downtown presence.
Key Highlights
- Prime Downtown Chicago location in the iconic Garland Building.
- 2,800 SF commercial condominium offering long‑term occupancy control.
- Flexible floor plan suitable for medical, office, or research use.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 60602, IL
1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,800 SF commercial condo in iconic Garland Building.
Where is this office units located?
The property is located at 111 N Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Prime Downtown Chicago location in the iconic Garland Building.; 2,800 SF commercial condominium offering long‑term occupancy control.; Flexible floor plan suitable for medical, office, or research use.
